Exhibit 17.2.To examine the differences between salaries of male and female middle managers of a large bank,90 individuals were randomly selected and the following variables considered: Salary = the monthly salary (excluding fringe benefits and bonuses) ,
Educ = the number of years of education,
Exper = the number of months of experience,
Train = the number of weeks of training,
Gender = the gender of an individual;1 for males,and 0 for females.
Also,the following Excel partial outputs corresponding to the following models are available:
Model A: Salary = β0 + β1Educ + β2Exper + β3Train + β4Gender + ε Model B: Salary = β0 + β1Educ + β2Exper + β3Gender + ε
Refer to Exhibit 17.2.Using Model B,what is the regression equation found by Excel for males?
A) = 4713.2506 + 139.5366Educ + 3.3488Exper + 609.2505Gender
B) = 5322.5011 + 139.5366Educ + 3.3488Expe
C) = 4713.2506 + 139.5366Educ + 3.3488Expe
D)
Correct Answer:
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